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Imla impetus

At last, the silent trade body has begun making noises, insisting it will make its voice heard and campaign for members and advisers.

The Intermediary Mortgage Lenders’ Association admits it has been too quiet but with ex-CML director general Peter Williams now its first executive director, it wants to work much closer with the Association of Mortgage Intermediaries and the wider market.

Brokers will be encouraged, although the same promises were made last year. The difference this time is Williams, not only because of his stature but because he is the first member of staff that can dedicate his time to Imla. Intermediary lenders are the lifeblood of the broking sector so a strong voice and campaigning on behalf of members and, by implication, brokers, can only benefit the market.


FSA pondering two insurance regimes

The FSA is considering proposals to introduce two different regulatory regimes as part of its review of the insurance conduct of business rules.Money Marketing can reveal the FSA is looking at creating one regime for protection products and another for commoditised insurance products, including private medical insurance, personal accident insurance and car insurance.The regulator is […]

Levy rationale is wrong

May I make some points on the FSA fee rise:1: The rise is inflationary – 10 per cent is outrageous.2. The rationale is that costs go up as regulation gets less prescriptive. If it is less prescriptive, costs should fall.3. The FSA aims to have fewer employees but still feels it needs more money. This […]

Lending up but profits down at B&B

Bradford & Bingley has seen a huge jump in gross lending in 2006, more than twice the market average.However, the group also saw statutory pre-tax profits fall from £263.5m in 2005 to £246.7m last year, largely due to the £89.4m set aside for misselling complaints. Its underlying profit was up 8 per cent to £336.1m.Its […]


The Brunner Investment Trust – April 2017

Welcome to the latest update for The Brunner Investment Trust PLC from the Trust’s portfolio manager, Lucy Macdonald. Market Review Global equities have rallied over the first quarter of 2017, buoyed by signs of strengthening growth and optimism over company earnings, although this rally has faded towards the quarter end. US equities posted their strongest […]


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